Wednesday, October 6, 2010

And Up Again

DJIA +193 Naz +55 SnP +10.

I put in limit orders for AMAT- they missed.

Lots of reversal alerts today. Most are simply resuming a good run (high going higher).

I like ATHR (f c) here. Sequential and triple digit sales grow, strong earnings growth, good value. Chart-wise, it's coming off the bottom on a second and weaker (than the first) reversal alert. Second and third alerts tend to be fairly successful. The alert itself is weak, but that is probably because the fundamentals are strong enough to prevent the level of capitulation necessary for a strong reversal alert.

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